{
  "id": 2492369,
  "title": "NBFC growth outlook remains resilient: Report",
  "url": "https://urgent.news/2026/08/22/nbfc-growth-outlook-remains-resilient-report",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T03:05:08.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/banking/finance/nbfc-growth-outlook-remains-resilient-margin-pressures-asset-quality-key-monitorables-report/articleshow/133416479.cms"
  },
  "original_language": "en",
  "account": "New Delhi: Non-banking financial companies (NBFCs) in India are poised for steady growth in the foreseeable future, according to brokerage firm 360 ONE Capital. Despite geopolitical uncertainties, credit demand remains robust, prompting management teams to hold onto their FY27 and medium-term growth predictions. The brokerage anticipates stable asset quality, though monitoring lending yields and margins, especially for gold and affordable housing financiers, is crucial.\n\nIn the first quarter of FY27, NBFCs, excluding power financiers, reported robust earnings, with net interest income (NII), operating profit, and profit after tax (PAT) all seeing double-digit growth year-on-year. Aggregate assets under management (AUM) expanded by around 19% YoY, aligning with expectations.\n\nManagement comments suggest that credit demand has remained resilient, with limited impact from the West Asia crisis thus far. Early delinquency indicators also show no discernible asset quality stress from geopolitical tensions or El Nino, while stressed assets have remained stable across most lending segments. Vehicle financiers experienced accelerated AUM growth of 16.8% YoY, driven by strong disbursement momentum, with demand remaining healthy. Housing finance companies (HFCs), however, saw slower-than-expected AUM growth of 5.6% YoY, partly due to elevated balance transfers at LIC Housing Finance, which subsequently revised its FY27 loan growth outlook to 8-10% from the previous 10-12%. Gold financiers also witnessed moderate growth of 47.1% YoY, following stabilisation in gold prices and the implementation of new gold loan guidelines.\n\nPower financiers, however, faced the weakest performance among the segments, with their loan book growing only 2.3% YoY and decreasing 0.3% sequentially. Margins were in line with expectations, though Muthoot Finance experienced a sharper-than-anticipated margin compression of around 300 basis points. The brokerage highlights sustainability of net interest margins as a key monitorable amid yield pressures, particularly in gold and affordable housing finance.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}